The Kodiak Island Borough's lobbyist
recently released a report to the Assembly detailing Governor Palin's deficit
and budget reductions and how they affect Kodiak state funding requests.
manager Rick Gifford said the report, released to the public February 10th
and currently available on the borough's web site, is always subject to change,
given the uncertain nature of budget amendments and revisions. He said the governor
made the budget cutting decisions because of the reduced forecast for oil
Funding 1 49 sec. "Obviously things change ... revenues
to the state.")
Gifford said the budget, as amended,
does maintain certain key funding, such as education and retirement funds.
Funding 2 23 sec. "It appears that the budget ... are require this year.")
Palin's proposal to reduce capital spending, Gifford said Kodiak's major
projects are still in the budget according to the report.
Funding 3 49 sec. "The Governor has also ... still
seem to be in there.")
to the Kodiak Island Legislative Report, the most recent revenue estimates
project a shortfall of about one-point-three billion dollars for fiscal year
2009, which will require a draw from the Constitutional Budget Reserve. The Governor
recently proposed another two hundred sixty eight-point six million dollars in
cuts to reduce spending during fiscal year 2009. A large portion of the
reduction will be reached by reducing oil industry exploration tax incentive
credits by 200-million dollars.